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Kuwait's DTAA With Hong Kong In Effect


30/07/2013

The Agreement between the Government of the Hong Kong Special Administrative Region of the People's Republic of China and the Government of the State of Kuwait for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income came into effect on July 24, 2013.

The agreement between the two jurisdictions was formally signed on May 13, 2010.

Both sides have already exchanged notifications confirming the completion of the requisite domestic procedures. The date of the later of these notifications was July 24, 2013. The agreement therefore became effective on July 24, 2013 and will have effect in Hong Kong, according to paragraph 2 of Article 27 of the agreement, for any year of assessment beginning on or after April 01, 2014.

www.taxnews.com

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